News

Beauvais, France

DULUTH, Ga. & SAN FRANCISCO--(BUSINESS WIRE)--Jul. 26, 2017--
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer
and distributor of agricultural equipment and The Climate Corporation, a
subsidiary of Monsanto Company (NYSE:MON), announced today that a
definitive agreement has been signed for AGCO to acquire the Precision
Planting LLC equipment business.

“Precision Planting is a strong business that plays an essential role in
the growth and adoption of innovative precision ag practices that help
farmers enhance their productivity,” said Mike Stern, chief executive
officer for The Climate Corporation. “As a leading global equipment
manufacturer, AGCO is uniquely positioned to enable broader distribution
of Precision Planting technology and will continue the development of
innovative products that improve the efficiency and productivity for
farmers around the world.”

“The acquisition of Precision Planting will solidify AGCO as one of the
global leaders in planting technology and strengthen our position as a
full line partner for professional farmers across the globe,” said
Martin Richenhagen, AGCO’s chairman, president and chief executive
officer.

The terms of the agreement were not disclosed. The transaction is
subject to regulatory approvals.

Cautionary Statements Regarding Forward-Looking Information

Statements which are not historical facts, including expectations
regarding the closing of the acquisition are forward-looking and subject
to risks that could cause actual results to differ materially from those
suggested by the statements. These risks include, but are not limited
to, the failure to obtain regulatory approvals, the failure to satisfy
closing conditions. Undue reliance should not be placed on these
forward-looking statements, which are current as of the date of this
release, and AGCO and Monsanto Company disclaim any obligation to update
any forward-looking statements except as required by law.

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural solutions and supports more productive
farming through its full line of equipment and related services. AGCO
products are sold through five core brands, Challenger®, Fendt®, GSI®,
Massey Ferguson® and Valtra®, supported by Fuse® precision technologies
and farm optimization services, and are distributed globally through a
combination of over 3,000 independent dealers and distributors in more
than 150 countries. Founded in 1990, AGCO is headquartered in Duluth,
GA, USA. In 2016, AGCO had net sales of approximately $7.4 billion. For
more information, visit http://www.AGCOcorp.com.
For company news, information and events, please follow us on Twitter:
@AGCOCorp. For financial news on Twitter, please follow the hashtag
#AGCOIR.

About The Climate Corporation

The Climate Corporation, a subsidiary of Monsanto Company, aims to help
all the world’s farmers sustainably increase their productivity through
the use of digital tools. The integrated Climate FieldView™ digital
agriculture platform provides farmers with a comprehensive, connected
suite of digital tools. Bringing together seamless field data
collection, advanced agronomic modeling and local weather monitoring
into simple mobile and web software solutions, the Climate FieldView
platform gives farmers a deeper understanding of their fields so they
can make more informed operating decisions to optimize yields, maximize
efficiency and reduce risk. For more information, please visit www.climate.com
or follow the company on Twitter @climatecorp.

About Monsanto Company

Monsanto is committed to bringing a broad range of solutions to help
nourish our growing world. We produce seeds for fruits, vegetables and
key crops – such as corn, soybeans, and cotton – that help farmers have
better harvests while using water and other important resources more
efficiently. We work to find sustainable solutions for soil health, help
farmers use data to improve farming practices and conserve natural
resources, and provide crop protection products to minimize damage from
pests and disease. Through programs and partnerships, we collaborate
with farmers, researchers, nonprofit organizations, universities and
others to help tackle some of the world’s biggest challenges. To learn
more about Monsanto, our commitments and our more than 20,000 dedicated
employees, please visit: discover.monsanto.com
and monsanto.com.
Follow our business on Twitter® at twitter.com/MonsantoCo,
on the company blog, Beyond the Rows® at monsantoblog.com
or subscribe to our News
Release RSS Feed.

AGCO is a global leader in the design, manufacture and distribution of agricultural solutions.

Through well-known brands including Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, AGCO Corporation delivers agricultural solutions to farmers worldwide through a full line of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein production systems, as well as replacement parts.